International Financial Integration, Sovereignty, and Constraints on Macroeconomic Policies

International Financial Integration, Sovereignty, and Constraints on Macroeconomic Policies
This paper considers the consequences of international financial market integration for national fiscal and monetary policies that derive from the absence of an international sovereign authority to define and enforce contractual obligations across borders. The sovereign immunity of national governments serves as a fundamental constraint on... READ MORE...

Publication date: March 2006
ISBN 9781451863390
$15.00

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